AUDCAD: Completed bearish BAT pattern on 60 min

AUDCAD: Completed bearish BAT pattern

1.Completed bearish Bat pattern
2. Near retesting 240 min trendline and 61.8 Fib.Retracement

Comentarios:

240 min picture

Comentarios:

Related Post. 60 min picture

Comentarios:

100 pips down from the BAT completion. We need a break of (A) leg of the BAT now in order to see more downside.

Comentarios:

Bearish Cypher pattern completed as a trend continuation pattern to downside.
200 EMA is acting as resistance at the D leg completion.

Comentarios:

For the short term trade the blue Cypher pattern worked really nice. Price went up to 0.786 fib.retracement of CD leg.

Comentarios:

Target achieved. We can see some correction now before continuing with the down trend.